Dewey Trustee Accuses Ex-CFO Of Holding Up $19M Deal

Law360, New York (May 8, 2013, 6:27 PM EDT) -- Bankrupt Dewey & LeBoeuf LLP's liquidating trustee said Wednesday that a bid from two former firm executives to strike his declaration in support of a $19.5 million settlement of mismanagement claims was a “transparent attempt” to hold up approval of the deal.

Liquidating trustee Alan M. Jacobs, on behalf of Dewey's liquidating trust, objected in New York bankruptcy court to a motion filed by former Dewey Executive Director Stephen DiCarmine and former Chief Financial Officer Joel I. Sanders, who sought to strike Jacobs' declaration, which supported...